1351 Co-119 Golden, CO 80403
- Retail properties
- 3,024 SF
Current Use by Public Records
- Retail properties
Property Details for 1351 Co-119
- Year built
- 1997
- Property size
- 3,024 SF
- Property type
- Retail properties
- Property subtype
- Gas stations
Description
Exceptional investment opportunity: This 3,024 square foot gas station in Golden, Colorado, presents a compelling sale-leaseback proposition. Located at 1351 CO-119, this single-building property boasts a 20-year absolute NNN lease with a credit-rated tenant, ensuring a stable income stream. Built in 1997, the property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $388,500, representing a 6.50% cap rate. The asking price is $5,976,000, translating to $1,976.19 per square foot. The tenant, a subsidiary of Maverick Gaming, LLC, a leading multi-regional gaming operator with a BBB- (Moody's) and B- (S&P) credit rating, operates this strategically located gas station serving travelers between Denver and Black Hawk, Colorado. Black Hawk's popularity as a casino destination, attracting an estimated 20,000 visitors daily, ensures consistent high traffic and revenue generation. The property's strong financials, long-term lease, and prime location make it an ideal addition to any investment portfolio. APN: R001471. This is a truly exceptional opportunity for passive income generation with minimal landlord responsibilities.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Golden
- County
- Gilpin
- State
- Colorado
- Longitude
- -105.414
- Latitude
- 39.7592
